Icon Park

(2 Reviews)

Kamala, Kathu,Phuket

Unit ID: U26106

7% Rental Yield

฿8,500,000 ฿11,500,000 Great Price

2 Bedrooms

2 Bathrooms

137.70 SqM Size

4 Floor

Nov 2013 Completed

(2 Reviews)

Great Price

Sale Price

฿8,500,000 ฿11,500,000

2 Bedroom Penthouse for sale at Icon Park

This property is a 137.70 SqM penthouse with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Icon Park project in Kamala, Phuket and was completed in Nov 2013. You can buy this penthouse for a base price of ฿8,500,000 (฿61,728/SqM) and it is also available for long term rentals starting from ฿50,000 per month.

Features

Duplex

Balcony

Basic Information

Property Type Penthouse

Floor 4

Bedrooms 2

Size 137.70 SqM

Price per SqM ฿61,728

Penthouse Ownership

Foreign Quota

Furniture

Partly Furnished

View(s) Mountain View, Pool View, Garden View

Unit Type N/A

Building N/A

CAM Fee

฿6,197/mo

Listed By

Private Owner

Date Listed May 9, 2017

Last Updated 1 year ago

Unit ID U26106

Price Analysis

Great Price

Estimated market value ฿13,580,801

Great

Good

Fair

Above

Current asking Price: ฿8,500,000 | Advertised rental rate: ฿50,000/mo

This penthouse is ฿5,080,801 BELOW MARKET (-37%) in the Phuket area. It is analyzed against similar penthouses and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.

Investment Opportunity: Charges & Yield

Sale Price

฿8,500,000

CAM Fee

฿6,197/mo

Rent

฿50,000/mo

Price-to-Rent Ratio

Rental Yield

Project Details

Project Name: Icon Park

Developer: Ocean Group Asia

Construction: Completed (Nov 2013)

Floors: 7

Buildings: 4

Units: 92

Project Area: 3,200 SqM

Nearest Landmark Kamala Beach - 0.5 Km

Location: Kamala, Kathu, Phuket

Icon Park Project Details

Project Features

Communal Pool

Jacuzzi

Communal Gym

24H Security

CCTV (Video Surveillance)

Car Parking

Spa

Sauna

Reception / Lobby Area

Popular Facilities at Icon Park

Communal Pool

Ground Floor
Communal Gym

Ground Floor
Sauna

Ground Floor

Available Units at Icon Park

For Sale 7 For Rent 6

All
1 Bed
2 Beds
All
1 Bed
2 Beds

Foreign Quota Fully Furnished Mountain View

Fully Furnished Partial Sea View

Leasehold Fully Furnished

Foreign Quota Fully Furnished Mountain View

Company Fully Furnished Mountain View

Foreign Quota Fully Furnished Sea View

Foreign Quota Partly Furnished Mountain View

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Frequently asked questions

No pets are allowed at Icon Park unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.

The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿6,197 for this penthouse. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.

For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Icon Park the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.

Kamala Beach is the nearest Beach from Icon Park and it is 0.5 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

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Reviews

3.9 out of 5

Based on

2 Reviews

Maintenance

Staff / Security

Facilities on Site

Quality of Finishing

Value for Money

Location

+ Write a review

Hot and Cold Plunge Pools!

Verified Former Resident, 1 year ago

Project is located on the main road as you come down the hill from Patong into Kamala. Two main towers with a number of unit configurations. The pool and facilaites are the best part of this project (just ahead of the location). The pool is awesome, changing neon lights and great for swimming laps. There is a proper cold plunge pool and hot tub in the gym area open to all residents for free. A short 5 minutes walk to Kamala Beach.

Great invest condo

Stephan Puckett, Canada, 3 years ago

I have been living in Kamala for many years and saw this condo since it was initially constructed. Then, I decided to buy it to rent out at a reasonable price. I think I have made the right decision because the feedback from my clients was very positive. There are always customers asking for information and booking it. I bought a duplex, 2 bedrooms, quite large, fully furnished, along with a full-frame window that offers a beautiful view of the mountains and trees. The facilities include a gym, a swimming pool, a sauna, and a spa. It looks a bit old but acceptable. Security is pretty good. You can rent a motorbike for about 250-300 baht per day to travel around Phuket. Kamala Beach is very close; you can walk for 700 meters or about 10 minutes. Nearby, Phuket FantaSea is a place to watch a spectacular show of Phuket island, just about 2 km. The condo is not far away from Patong Beach, about 10 minutes drive as well. There is an evening market in the area where you can go shopping and buy fresh seafood; it's close to Big C Market Kamala as well.